FCA questioned over unregulated Sipp investments
The inclusion of unregulated and non-standard investments in self-invested personal pensions (Sipp) has been called into question by the UK’s Work and Pensions Committee.
Sipps
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Customers of failed Sipp investor paid out
The UK’s Pension lifeboat scheme has made its first compensation payments, totalling £5.7m (€6.4m, $7.6m), to customers of the failed discretionary fund manager Strand Capital.
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Liberty Sipp reports astonishing 84% rise in assets
For the second consecutive year, Liberty Sipp has increased assets under management by more than a billion pounds.
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Fidelity to compensate client for Sipp misinformation
The UK Pensions Ombudsman has upheld a complaint against Fidelity International for “significant distress and inconvenience” suffered by a client who was misinformed about holding investment trusts in her Sipp.
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Momentum Pensions launches online Sipp portal
Momentum Pensions is positioning itself for further expansion in the growing UK Sipp market by launching a portal that enables applications to be submitted online.
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Allianz backed robo-adviser launches Sipp
Digital wealth manager Moneyfarm has launched a self invested personal pension (Sipp).
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AJ Bell to compensate Sipp client for ‘significant injustice’
The Pensions Ombudsman has ordered AJ Bell to compensate a client for lost interest and pay him £500 ($709, €570) for “significant non-financial injustice” after the investment platform failed to notify him the interest rate of his account would drop to 0%.
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UK Sipp business drives strong STM results in ‘eventful’ year
The acquisition of UK Sipp provider London & Colonial has “borne fruit during 2017” and played a key part in STM adapting its expat product offering following the unexpected 25% Qrops charge that hit around 80% of the firm’s new business.
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Sipp provider hit with £3m in compensation claims
Carey Pensions, a self-invested personal pension (Sipp) provider, is being taken to the UK High Court on claims potentially worth up to £3m (€3.39m, $4.15m) for working with unregulated introducers who sold “unusual investments”.
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Sipp provider sued by 77 investors
A judge has granted a request from 77 self-invested person pension scheme (Sipps) investors to join forces under a group litigation order and sue Berkeley Burke Sipp Administration for mis-selling.
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Sipps among most upheld complaints, reveals Ombudsman
More than half of the complaints around self-invested personal pension schemes (Sipps) passed to a financial ombudsman were upheld during the three months to 31 December 2017, making it one of most upheld areas of complaint.
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Serial complainer loses AJ Bell ombudsman case
The Pensions Ombudsman has not upheld a complaint from a client and ex financial adviser accusing AJ Bell of poor service, negligence, maladministration and misconduct, which saw the investment firm take the “unprecedented decision” to end its relationship with him.